Prices continue to move up in June

A very active spring real estate market that included low inventory and interest rates starting to tick up from their historical lows has resulted in both sales and prices going up in June. Condominium sales and prices were also up compared to the same month the year before. Realtors across the state are reporting that activity continues to be strong after the 4th of July break. (see graphs below – click on them to enlarge)

Single-family median prices at highest point since August 2007 when the median price was $357,000

Condo sales were UP 0.4% compared to the same time last year

The median price for a condo was UP 2.9% ($220,000) compared to last year

Only third time median price for condo has gone over $300,000-mark

We also wanted to let you know that because of the change that one the multiple listing services we receive data from made a change in how it categorizes “under agreements”, we are unable to provide inventory, days on market and months of supply data for June 2013. We are continuing to work with our analytics vendor to create a solution.